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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Schallenberg: "The EU Has Reached a Turning Point in the Relations With Turkey"
Austria's Foreign Minister Schallenberg explains the current relationship between the European Union and Turkey. The recent developments in the easter Mediterranean are testing the relation once again.
September 1, 2020
Metro Line U2 Is Now Going More Often to Seestadt
The Wiener Linien (Viennese Public Transport Lines) are starting to provide more U2 metros to the end station Seestadt just in time with the start of schools on September 7. From next week on, not only in the morning but also in the afternoon and evening every metro will go to the final station.
August 31, 2020
Economic Sentiment in Austria and the EU Brightened Further in August
Businesses and the population of the EU still have below-average economic sentiment although the expectations improved over the last month. The sharp decline due to Covid-19 is made up by about 60 % already.
August 31, 2020
Kurz: "There is light at the end of the tunnel"
Today, Chancellor Kurz was holding a State of the Union Address and talked about the Coronavirus, special vacation for parents and a "pact against isolation". According to him, the next summer will be normal again. However, the time until then will be challenging.
August 28, 2020
Industry at Alpbach Technology Talks: Austria's Federation of Industries Demands to Start the Technology Offensive Now
The President of the Federation of Austrian Industries (Industriellenvereinigung) Georg Knill used the European Forum Alpbach to underline the importance of research, technology and innovation for a wealthy future economy.
August 28, 2020
Student Apartments Are Getting more Expensive in Austria
In 4 out of 6 student cities across Austria, the rent for single apartments which are mostly used by students are increasing. Only in Graz and in Linz the cost of the rent is experiencing a slight decline.
August 27, 2020
Iran Allows Vienna-based IAEA Access to Controversial Nuclear Facilities
Vienna-based IAEA is allowed to inspect two nuclear facilities in the Islamic Republic of Iran. After an ongoing dispute between the IAEA and the Iran, a joint statement settles the dispute.
August 27, 2020
Austrian Construction Company Porr Reports Losses in the Second Quarter of 2020
The second largest construction company in Austria, Porr, recorded losses in the first half of the year 2020. The obvious reason: Covid-19 and the subsequent shutdowns and restrictions.
August 27, 2020
Austrian Foreign Ministry Endows Special Prize for International Art
Austrian Foreign Minister Alexander Schallenberg announces a new prize for international artistic projects that deal with the impact of technology and digitalization on society.
August 27, 2020
Three Quarter Less Overnight Stays in Vienna
This July, the number of overnight stays in the city of Vienna decreased by 73.3% compared to July 2019. The major reason is the Coronavirus lockdown and the travel restrictions implemented by other countries.
August 26, 2020
After Discussions in Austria: IHS and WIFO Against Statutory Reduction of Working Hours
Austrian economic research institutes IHS and WIFO are both against a reduction of working hours. According to the experts, training and retraining for the unemployed would be better approaches.
August 26, 2020
Austrian Real Estate Companies with Devaluations in Central and Eastern Europe
Austrian real estate companies CA Immo and s-Immo felt the pressure of the Covid-19 crisis and had to face significant revaluations of their properties in Austria, Germany and Central Eastern Europe.
August 25, 2020
Financial Assets of Austrians Back at Record Level After Slump
Austrians have never been richer than today. Private financial assets have recovered and improved after a significant decline in the first quarter of 2020 due to Covid-19.
August 25, 2020
Despite Covid-19 Crisis: Austrian Automotive Supplier Pollmann International Builds Plant in Mexico
Austrian company Pollmann International expands to Mexico where it will build a plant in order to better supply the Central and South American market.
August 25, 2020
Austrian Strabag Expands Rail Network in Eastern Germany
Austrian technology company Strabag will be significantly influencing the rail road system in eastern Germany because of a deal that has them extending rail lines in Berlin and between Leipzig and Dresden.
August 25, 2020
Vienna's Mayor Michael Ludwig Met German Vice Chancellor and Minister of Finance Olaf Scholz
Mayor Michael Ludwig and German Vice Chancellor Olaf Scholz met for a working meeting in Vienna. Discussions were held about economic relations and municipal topics such as affordable housing.
August 25, 2020
President Van der Bellen at the Salzburg Festival: "Artists Need All Our Support"
Federal President Alexander Van der Bellen invited his German counterpart Frank-Walter Steinmeier accompanied by Elke Büdenbender to a festival and working visit in Salzburg. Both presidents agreed on the fact that artists are in a very difficult situation at the moment and need to be supported.
August 24, 2020
Vienna: 44 Hectares of Train Station Will Turn Into Housing for 16,000 People
By 2033, the City of Vienna together with Austrian Railways (ÖBB) will turn the train station at Nordwestbahnhof (20th district, Brigittenau) into living spaces that will comfort 16,000 people.
August 21, 2020
Austria Fears for Winter Tourism
The upcoming winter will be an immense challenge for the Austrian tourism industry. Tourism operators are requesting general and unified regulations implemented by the government to secure planning and tourists. A major focus will be laid on Après-Ski.
August 21, 2020
Vienna Based UNIDO Holds Expert Panel to Discuss Developments in Industry and Society
The United Nations Industrial Development Organization hosted an expert panel about the future of industry and society. Main topics were the advancement of attaining the sustainable development goals and shaping society as a whole.
August 21, 2020
Austria's Second Amazon Distribution Center Opens in Vienna
Amazon opens its second parcel distribution center in Austria. 120 employees will work in the 7,900 square meter building.
August 20, 2020
Newest Report from Austrian Retail Association - Handelsverband: Top 100 Retailers Account for 55% of Austrian Consumer Spending
In the newly published report from the Austrian Retail Association - Handelsverband Rewe the top 100 retailers are responsible for more than half of Austrian consumer spending. Rewe sits on top of the list with a turnover of EUR 6.69 billion.
August 20, 2020
Bottleneck for Influenza Vaccine Is Expected
This year the higher demand in Influenza Vaccine is causing a bottleneck and not everyone who wants to get vaccinated will be. As a result of the COVID-19 crisis, Austrians are more aware of the importance of a vaccine.
August 20, 2020
Austria on the Advance of Early COVID-19 Detection in Sewage
In Austria a research group is analysing sewage in order to find genetic material from the Coronavirus. The data can be used for a regional early warning system and the identification of new clusters.
August 20, 2020
Austria Introduces Travel Warning for Balearics
The government announced a travel warning for the Balearics and therefore reacts on the increasing number of Corona infected returners. The travel warning is valid since Monday, August 24 onwards and a negative PCR-test or a home quarantine is necessary to enter Austria.
August 19, 2020 · Updated: August 19, 2020; 18:37
Comprehensive COVID-19 Tests for High-Risk-Country-Travelers Should Bring Back Freedom to Travel
AUA Austrian Airlines calls for comprehensive COVID-19 testing to replace general landing and entry bans.
August 19, 2020
Can Glyphosate Now Be Banned or Not?
With the issue of the notification statement from the European Commission, the discussion about the Glyphosate ban is starting again. According to the Agricultural Ministry it is clear that the ban is not legally compliant. However, for GLOBAL2000 a ban is still possible.
August 19, 2020
Austrian Chamber of Labour: EUR 315 Million Could Create 75,000 Jobs
According to an expert of the AK Austrian Chamber of Labour, 75,000 jobs can be created with the spending of EUR 315 million. This might be worth a thought in an economic challenging situation due to Covid-19.
August 18, 2020
Subsidies for New Investments in Austrian Economy
The Austrian government has put in place an investment subsidy in order to support the Austrian economy during the Covid-19 crisis. Business investments will be subsidized with up to 14% of the eligible costs.
August 17, 2020
Foreign Direct Investment into Austria Last Year Still Unbroken
According to the Austrian Business Promotion Agency for foreign corporate investors, 462 international companies with an investment volume of 1.85 billion euros were still being supported in 2019 in establishing a business in Austria. This resulted in the creation of almost 5,000 new jobs.
July 27, 2020
Austrian Chamber of Commerce Promotes Business with Sri Lanka and Bangladesh
The WKO Austrian Federal Chamber of Commerce offers the opportunity to participate in a webinar on the opportunities for Austrian and European companies in the two countries Sri Lanka and Bangladesh with and after COVID-19.
July 27, 2020 · Sponsored Content
Indo-Austrian Trade and Investment Opportunities Post Covid-19
The FIEO - Federation of Indian Export Organisations is organising an interactive video conference session on “Trade & Investment Opportunities between India & Austria - Post Covid-19” with H.E Mr. Jaideep Mazumdar, the new Ambassador of India to Austria on Tuesday, 29th July, 2020.
July 13, 2020 · Sponsored Content
New Luxury Hotel To Come To Vienna: The Mandarin Oriental Vienna
The Mandarin Oriental Hotel Group, a Southeast Asian hotel chain that operates luxury 5-star hotels, is establishing a hotel in Vienna and invests 100 million euros.
July 8, 2020
Harald Mahrer Remains Austrian Federal Economic Chamber President for Another Five Years
Harald Mahrer was re-elected President of the Austrian Federal Economic Chamber (WKÖ) at the Economic Parliament and was immediately praised by Margarete Schramböck, Federal Minister for Digitalisation and Business Location.
June 26, 2020
ABA - Invest in Austria: 270 Attendees at Austrian Business Agency Event
According to "ABA - Invest in Austria: Austrian Business Agency", 270 companies interested in investing in Austria took part in the first virtual open day to learn about new business models and general conditions for foreign companies in Austria during and after the Corona crisis.
June 25, 2020
Novartis Opens Production Facility for Innovative Eye Retina Product in Tyrol
The pharmaceutical company Novartis is investing EUR 27.4 million in the Kundl site in Tyrol to produce an active ingredient for a new therapy for wet age-related macular degeneration with 40 employees.
June 20, 2020
Powerful Federation of Austrian Industrialists Has a New President
The Federation of Austrian Industry, the lobby of 4,200 voluntary members and owners of Austrian industrial and industry-related companies, has elected a new president in Georg Knill.
June 19, 2020
Another COVID Casualty: Austrian Airline Discontinues Flight Operations
The Austrian low-cost airline "Level" and subsidiary of British Airways (IAG International Airlines Group) has discontinued flight operations with immediate effect. The airline was hit hard economically by the consequences of the Covid 19 pandemic in Europe. A continuation of flight operations is not planned. About 200 employees in Vienna are affected by the bankruptcy.
June 19, 2020
Austrian Airlines Deal: EUR 450 Million for Vienna Hub Guarantee
The Lufthansa subsidiary will receive EUR 450 million from the Republic of Austria, EUR 300 million of which as a loan guarantee and EUR 150 million as equity.
June 9, 2020
Croatia Welcomes Announcement of the Opening of the Austrian Border
After heavy criticism from Croatia, and after Austria was accused of sabotaging the tourist season in Croatia, the Croats now welcome the imminent opening of the border.
June 9, 2020
Deal: Bail-out for Austrian Airlines
According to media reports, AUA Austrian Airlines is to receive a total of EUR 600 million and thus retain its Austrian headquarters.
June 8, 2020
Investing in Vienna: All-time High for the Settlement of International Companies
In 2019, the City of Vienna in cooperation with the Austrian Business Agency (ABA) was able for the eighth time in a row to set a new settlement record with 266 international companies settling in the city. With 25 companies settling in Vienna, the USA came second in the list of the ten most important countries of origin, behind Germany with 61 projects.
June 2, 2020
New Chief Financial Officer at Allianz Group Austria
German-born Anne Thiel (49) is to take over as CFO of Allianz Group Austria on September 1, 2020. She succeeds Eva Meyer-Schipflinger, who will take over a global management position at Allianz SE in Munich.
May 30, 2020
Properties for Development in Austria: Location, Location, Location
Property prices in Austria (average property prices and house price index) continued to show high price dynamics last year. The current average prices for plots, houses and apartments for development can be found below.
May 30, 2020
Austrian Airlines to Resume Flight Operations on 15 June
After an interruption of almost three months, Austrian Airlines will resume flight operations to selected destinations in Europe and Tel Aviv from mid-June onwards. Since no neighbouring seats will be kept empty in case of demand, bold passengers will again be able to fly to up to 40 destinations by the end of June. For specific destinations, see below.
May 28, 2020
Austrian Summer Tourism: Total Dependence on Germany
A recent study shows the great dependence of Austrian summer tourism on Germany, especially in the western federal provinces. The situation, which has been further intensified by the corona pandemic, will further increase this certainty.
May 25, 2020
Investing: Why Your Company Should Establish a Branch in Austria
Every crisis also opens up opportunities e.g. to revise your current strategy and to develop a new one - and time to consider new markets to expand to. Austria stands out in Europe as a highly developed business location and has weathered the crisis well so far.
May 22, 2020
Ryanair's Laudamotion to Close Vienna Base
Laudamotion closes its base in Vienna on 29 May, 300 people lose their jobs. The trade union Vida did not agree to an ultimatum by the airline, which would have brought a new collective agreement with significantly lower wages.
May 22, 2020
Drastic Drop of over 99% in Passengers at Vienna International Airport
The worldwide travel restrictions and flight cancellations resulting from Covid-19 have had a major impact on the development of traffic and earnings AT Vienna International Airport (Flughafen Wien Group). In April, the Group recorded a decline of 99.6% in the number of passengers and 99.5% at Vienna International Airport. Revenues for Q1/2020 fell by -9.0% to € 161.4 million.
May 20, 2020
COVID-19 Drug Made in Austria
Austrian biotech company Apeiron Biologics AG, which is currently working on a drug to treat the coronavirus, announces financing round for the further development of the COVID-19 drug APN01.
May 19, 2020
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